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Insurer of the
Year 2017-21

prices shown in
Reykjavik vs Panama City
Rkv vs Pan

Average net salary (After tax)

Panama City
Reykjavik

Housing

  • Rent apartment
  • Buy apartment

Rent 1 bedroom apartment

Cost per month

In city centre
Pan
Rkv
Outside city centre
Pan
Rkv

Rent 3 bedroom apartment

Cost per month

In city centre
Pan
Rkv
Outside city centre
Pan
Rkv

Buy apartment

Price per m2

In city centre
Pan
Rkv
Outside city centre
Pan
Rkv

Mortgage rates

Panama City
4.5%
Reykjavik
5.5%
Compare our
home insurance prices

Utilities

  • Basic Utilities
  • Internet & Phone

Basic utilities

Electricity, heating, water, Garbage for a 85m2 Apartment

Panama City
Reykjavik

Internet

60 Mbps or more, unlimited data, Cable/ADSL

Pan
Rkv

Mobile phone data

One-minute local prepaid call (no plan or discount)

Pan
Rkv

Transport

  • Public Transport
  • Car

One-way ticket

Local transport

Pan
Rkv

Monthly pass

Regular price

Pan
Rkv

Fuel prices

Per Litre

Panama City
Reykjavik

Buying a new car

Volkswagen Golf 1.4 90KW Trendline (Or equivalent)

Pan
Rkv
Compare our
car insurance prices

Groceries

  • Staples
  • Meat
  • Produce
  • Cigarettes

Staples

Milk 1L
Pan
Rkv
White bread 500g
Pan
Rkv
Eggs 12
Pan
Rkv
White rice 1kg
Pan
Rkv

Pack of cigarettes

(Marlboro)

Panama City
Reykjavik

Meat & cheese

Chicken breasts 1kg
Pan
Rkv
Beef round 1kg
Pan
Rkv
Local cheese 1kg
Pan
Rkv

Vegetables

Potatoes 1kg
Pan
Rkv
Lettuce 1 head
Pan
Rkv
Tomatoes 1kg
Pan
Rkv

Fruit

Apples 1kg
Pan
Rkv
Oranges 1 head
Pan
Rkv
Bananas 1kg
Pan
Rkv

Eating Out

  • Food
  • Drinks

Meal for two

Inexpensive restaurant 2 meals
Pan $4,070.74/mth
Rkv $4,070.74/mth
Mid-range restaurant Three-course meal for two people
Pan $4,070.74/mth
Rkv $4,070.74/mth

Mcdonalds McMeal

Or equivalent combo meal

Panama City
4.5%
Reykjavik
5.5%

Restaurant Prices in Panama City are 17.14% higher than in Reykjavik

Drinks

Coke/Pepsi 0.33L
bottle
Pan $4,070.74/mth
Rkv $4,070.74/mth
Water 0.33L
bottle
Pan $4,070.74/mth
Rkv $4,070.74/mth
Cappuccino regular
Pan $4,070.74/mth
Rkv $4,070.74/mth

Alcohol

  • Beer
  • Wine

Domestic beer

Restaurant 0.5L draught
Pan
Rkv
Market 0.5L bottle
Pan
Rkv

Imported beer

Restaurant 0.33L bottle
Pan
Rkv
Market 0.33L bottle
Pan
Rkv

Bottle of wine

Mid-range, from supermarket

Panama City
5
Reykjavik

Clothing

  • Clothing
  • Shoes

Pair of jeans

Levis 501 or similar

Pan
Rkv

Summer dress

From a chain store (e.g. Zara, H&M)

Pan
Rkv

Shoes

1 pair Nike shoes
Pan
Rkv
1 pair men's leather shoes
Pan
Rkv

Leisure

  • Cinema
  • Sports

Cinema

One ticket for an international release

Panama City
$15.33
Reykjavik
$11.43

Tennis court rental

One hour on weekend

Pan $4,070.74/mth
Rkv $4,070.74/mth

Fitness club

Monthly fee for one adult

Pan $4,070.74/mth
Rkv $4,070.74/mth